RWE investor mulls selling company shares as ābig plant operatorsā time is overā
The regional municipality association Landschaftsverband Westfalen-Lippe (LWL) mulls selling its shares in German energy company RWE as āgrave changes on the energy marketā mean that āthe time of big plant operators is over,ā Welt Online reports. LWL director Matthias Lƶb said having a share in RWE no longer meant that municipalities have any influence over the companyās activities, which is why he pondered selling its one percent share worth 147 million euros. The mayor of Dortmund, Ullrich Sierau, criticised Lƶb for his ideas as a share in RWE allowed municipalities āto actively shape the energy transitionās course.ā
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